A product that is new in any way for the company concerned is a new product, according to the text.
Correct Answer:
Verified
Q49: When planning new products, managers need not
Q50: Experts estimate that 80-95 percent of all
Q51: If the prospects in some product-market are
Q52: To be called "new" according to the
Q53: Even in a full-scale market test, the
Q55: The risks and costs of failure in
Q56: The strategies for all stages of the
Q57: When a firm's product has won loyal
Q58: It is always in the best interest
Q59: When introducing a really new product, the
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